Grant scheme worth £650,000,000 to knock thousands off price of EVs

Many people are put off buying an EV due to the extra upfront cost (Picture: Shutterstock/William Barton)

Electric car prices will fall closer in line with petrol and diesel cars with a government subsidy scheme worth £650 million, the Transport Secretary has said.

Grants of up to £3,750 will be made available from today, applying to new EVs worth less than £37,000.

Upfront cost is a major barrier for many people considering an EV for their new car, with electric options often...